Long
FLAG BREAKOUT ON CELG
1. Relative Strength Analysis: CELG has outperformed SPY and XLV (Health Care Sector) on YTD, 6 and 12 month periods.
2.Breakout of flag on above average volume
3. Entry1 - Previous Close at 123.43, Entry2 - Flag breakout level at 120.16 (not unlikely since we usually see a re-test of the lows after a breakout)
4. Stop - Close below last swing low at 115.72
5. Target1 - Standard flag breakout measured move at 138.16
Good Trading
2.Breakout of flag on above average volume
3. Entry1 - Previous Close at 123.43, Entry2 - Flag breakout level at 120.16 (not unlikely since we usually see a re-test of the lows after a breakout)
4. Stop - Close below last swing low at 115.72
5. Target1 - Standard flag breakout measured move at 138.16
Good Trading
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.